COMMERCIAL LENDING NEWSLETTER
You are receiving this letter because you are one of my Spartans - my top-producing brokers and investor clients - of whom I am allowed to have 300. Removal instructions are below. Today we'll explain why the heirs to commercial real estate portfolios are terrific commercial loan leads. And, of course, we have lots of cute, clean jokes, some funny pics, and a wonderful video for you.
Joke Du Jour
After learning the Lamaze method of natural childbirth, I was admitted to the delivery room with my wife. It seemed like an eternity before the doctor finally announced, "I've got the head now; just a few more minutes." "Is it a girl or boy?" I asked excitedly. The doctor replied, "I don't know. It's hard to tell by the ears."
They Make Tasers For a Reason...
Private Money Commercial Loans Nationwide From $100,000 to $3.5MM
Is your client's commercial property partially vacant? Do you need a lender who will allow the seller to carry back a second mortgage? Does your client have a balloon payment coming due on his commercial property? Has your bank offered him a discounted pay-off? Does your borrower have less-than-stellar credit? Is your client's company losing money? Is your borrower a foreign national? Do you need a non-recourse loan? We make slightly scratched-and-dented commercial loans.
Our hot, new product is a blanket loan against a portfolio of rental homes. Rental homes? Yup, as long as there are at least five homes or units, we consider this to be a commercial loan. We even offer a partial release clause. This loan is ideal for speculators.
Here is our latest rate sheet.
Blackburne & Sons is looking for commercial real estate loans that are not quite clean enough for a bank. Please click here to submit a hard money commercial loan or call me, Tom Blackburne, at (574) 210-6686.
Submarine Joke
"This week the U.S. Navy launched a nuclear submarine named after Jimmy Carter. Experts say the sub will be ineffective for four years but tremendously respected once it's retired." -- Conan O'Brien
Heirs To Commercial Real Estate Fortunes Are Great Borrowers!
There is an old and wise Chinese proverb that goes like this:
- First generation peasant.
- Second generation buys land.
- Third generation mortgages land.
- Fourth generation peasant.
It has been my experience that the heirs to large commercial real estate portfolios borrow against their newly-inherited commercial properties in about two nano-seconds. Then they come back and refinance these same commercial properties again and again. Heirs to large commercial real estate portfolios are great leads. Stay close to these guys!
Need a commercial loan? Simply complete this super-easy mini-app.
Hard Landing Joke
After a real crusher of a landing in Phoenix, the flight attendant got on the PA and said, "Ladies and gentlemen, please remain in your seats until Captain Crash and the crew have brought the aircraft to a screeching halt up against the gate. And, once the tire smoke has cleared and the warning bells are silenced, we'll open the door, and you can pick your way through the wreckage to the terminal."
The Blackburne's Have Six Cats, So We're Never Short of Meat For Guests...
Small Balance Preferred Equity ($100K to $1MM)
If an investor wants to buy a leased commercial property, banks today will seldom lend more 58% to 62% LTV. Your buyer only wants to put down 25% of the purchase price
Quick, easy preferred equity from Blackburne & Sons fills in the missing piece of the capital stack. We'll add our $150,000 in equity dollars to your client's $250,000 down payment to create a down payment large enough to satisfy the bank. Think of our preferred equity as tiny Joint Venture investments.
For more information, please call Tom Blackburne at (574) 210-6686.
Hard Landing Joke #2
An airline pilot wrote that on this particular flight he had hammered his ship into the runway really hard. The airline had a policy which required the first officer to stand at the door while the passengers exited, smile, and give them a, "Thanks for flying XYZ airline." He said that in light of his bad landing, he had a hard time looking the passengers in the eye, thinking that someone would have a smart comment. Finally, everyone had gotten off except for this little old lady walking with a cane. She said, "Sonny, did we land or were we shot down?"
Falcon In a Tree
New Apartment Program for "A" Deals
Blackburne & Sons has a terrific new apartment loan program for "A" quality deals. These loans close in our name and are sold to an institutional investor which purchased almost $400 million in apartment loans last year.
The rate is adjusted according to the desirability of the property and the area, but it starts at 3.87% and 1 point for a 30-year fully-amortized loan. For more details, please call Tom Blackburne at (574) 210-6686.
Seat Cushions Joke
"Your seat cushions can be used for flotation. In the event of an emergency water landing, please take them with our compliments.”
Too Busy to Broker Commercial Loans to Us? Why Not Just Refer Them Instead? We Make It Easy!
We once paid a $21,250 referral fee. Here is our referral fee program.
Traffic Stop Video
This teen's reaction is priceless.
On a Personal Note
Having lived half my life in sunny California and the other half in snowy Indiana, it amazes me how the weather can effect the whole Christmas experience. While I am still surprised by how cold Indiana winters can be, there is no Christmas like a white Christmas. There is just something about a fresh blanket of snow outside that amplifies everything. The fire burns brighter, the laughter more boisterous, the family seems closer and the holiday spirit is even more present. If I had to choose between a warm California Christmas and a snow covered Indiana one, Indiana would win hands down.
Except this year...when we had no snow, freezing rain and had just miserable weather...I could have gone with a California Christmas this year.
Don't Forget About C-Loans.com
We have a whole new crop of hungry commercial lenders on C-Loans, so if you have a commercial loan you're trying to place, it takes just four minutes to submit your deal to 750 commercial lenders. And remember, C-Loans.com is free!
Final Funny
Bill and Bob, longtime golfing buddies, were involved in a match-play contest with the score "all-square" at the 18th tee. Bill slices his tee shot way left, and the ball finally stops on the cart path. Meanwhile, Bob smashes his first shot straight down the middle. "Oh well," says Bill, "I should get a free drop from there." "Heck no," says Bob, "We play the ball as it lies." And so Bill did. After dropping his opponent on the middle of the fairway, Bill took the golf cart to his lie on the concrete path. Sparks fly from the cart path, as Bill makes a few aggressive practice swings. Finally, Bill hits the ball off the cart path, leaving a miraculous shot only 3 feet from the pin. As the two meet in the fairway, Bob comments, "That was a great shot...what club did you use?" "Your 6 iron," says Bill.
Get a Free E-Book on CREF
This free e-book contains seven of George's best blog articles on the subject of commercial real estate finance.
Contact Information
Tom Blackburne
BRE# - 01919403
NMLS# - 1014118
BLACKBURNE & SONS REALTY CAPITAL CORPORATION
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Phone: (574) 210-6686
Fax: (916) 338-2328
Email: tommy@blackburne.com
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